Friday, May 7, 2010

FEAR , PANIC, DANGER,

Now we're talkin. This is an opportunity to trade. The steam is being taken out of the market as was requested two weeks ago as we reached extreme overbought status. Now we are getting better (cheaper) buying conditions for this artificial ponzi game. My recommendations are now changing. Add to your core of favorite miners on weakness during the next two weeks. They are real and they make the ONLY real currency. This is where we are headed. This is an unstopable decent into sovereign currency hell. There is a race for the bottom in currency and no one has ever been on this journey. These are humans that are running this ponzi and they are not infallible.

Just look at Greece. This is the picture of the future in many of these ponzi countries. Its coming here. In what form I have not idea, nor when, but its inescapable. You must be accumulating physical gold. I beat you with that over 100 dollars ago and now look. We can still het a pull back in gold but with the dollar at these levels and gold going up WITH the dollar has to make you say that the likelihood of a major pullback in gold is now a ways off. More importantly at what level is the next pullback going to occur from.

We are in strange times. They will get more strange. This is opportunity. Joe was laughing his ass off when the market was dumping yesterday. Instead of fear he saw it for what it was. This is a game. A scam. If you play then know what the game is. Its fixed so don't complain. Remember we are accumulating SWC PAL AUY EGO ANV SSRI GFI SLW on weakness. I have reestablished my core and 50% cash. gl gang

Do any of you find this just too coincidental.....

Reuters
Goldman shares up on report of settlement talks
NEW YORK
Fri May 7, 2010 7:19am EDTRelated NewsTarget shares down after April sales data
Thu, May 6 2010
Radian shares fall after results, stock offer
Tue, May 4 2010
Goldman shares fall on news of criminal probe
Fri, Apr 30 2010
Motorola shares rise after results
Thu, Apr 29 2010
Dow Chem rises after results
Wed, Apr 28 2010Stocks
The Goldman Sachs Group, Inc.
GS.N
$142.32
-5.87-3.96%12:00am CDT
NEW YORK (Reuters) - Shares of Goldman Sachs Group Inc (GS.N) rose 1.9 percent to $145 in premarket trading on Friday after the Wall Street Journal reported that the company was in settlement talks with the Securities and Exchange Commission.

42 comments:

  1. I know the dust has to settle, but I heard the head of the Nasdaq is saying the "event" was not triggered by a human error that this was situation normal?

    My question is, if I enter a bunch of GTC buys for some of my favorite miners and some other issues at 40-50% of the current price, and this event occurs again, will my retail orders have a chance of being executed? I heard reports that NYSE trading had stopped, only the electronic trades kept going.

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  2. Yesterday in my opinion was "triggered". It was a message. Now whether they knew that it would collapse to 1000 down.....I dunno. But that was not a total accident. The message was recieved.

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  3. Gotcha - but in the spirit of how to game this, if I had low ball buy GTCs, might I have had a chance of getting filled, being a retail order? GTC, buy PG @ $45 or $50 would that have been filled yesterday?

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  4. Goldman has spoken and all must listen.

    "Don't push us too hard or you will be very sorry. Yesterday wwas just a sample of what we can do when we are irritated. Always remember, he who has the gold rules, and we have it in our vaults and even in our name. We are the gold man of the world. What could be better proof than that?" ...from the GS board...
    I have a question...could it have been someone hacked in and created the havok?

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  5. Possible TXB....but I tend to go with the GS theory. doesn't matter just the game.

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  6. BTW if you are O and you have danced with the devil. now you know who is the tail wagging the dog. If you think you have control O...well think again. You have NO control.

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  7. For what my opinion is worth, just trying to think like the big guys, I believe that yesterday was a message. To whom and by whom is the question? The GS theroy seems to obvious but is plausible.....

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  8. GM all. Even if GS only pays a teensy fine, their reputation in the world has been tarnished and regular folks are now more aware of the ponzi. They will get rid of BO imo and this is one way to accomplish that. At some point, fundatmentals matter and this could be the beginning. Are you still saying don't go short here?

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  9. Shorting is an enormous risk compared to accumulating miners on pull back. Right now market is plunging .......lets see what happens. hehehe. I have my core and will watch for squeezes

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  10. Mark Haines.."We have a SERIOUS decline going" down volume 20 to 1...."

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  11. swc holding support......so far.....

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  12. This all points to an interesting battle going on behind the scenes. The Ponzi vs Chicago style politics. Somehow, I don't see O backing down unless he is really forced to. His ego won't allow it.

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  13. "anybody move on that drop?? "

    150 point drop on the Dow in a few minutes. 10400 to 10250. There must be a way to game this. I'm thinking of putting in some limit orders for DDM at 42 and 40 and see if I can get them to trigger when things like this happens. I'm having a tough time seeing where it actually went to but if self-aware algos want to flex I want to be there...

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  14. O is trying to balance the interests of the country with his obligation to the ponzi that put him in office. It has been made very clear with a message who his true master is. He will play ball. We are in for incredible volatility if he doesn't.

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  15. picked up small sgy.....yum yum

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  16. Kneejerk: I'm not a conspiracy theorist but I've said this before. What if Obama used GS to run the market up? He needed a pretty market to get health care passed (and his many other bills).

    If the DOW was sitting around 6500-8000 for the majority of last year, it would have killed Obama's agenda. The media would have been on him like vultures.
    He needed GS to pump the market. Now that he's used them for what they are worth, he's going to attempt the control the beast. Put my money on GS.

    I could be all wrong though. It could be a big show like KLI and Joe say. They've been playing this stock market casino a lot longer than I.

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  17. Damage to the market and economy in 08 was real. Putting it very simply here .....the PTB have told O how they want to try and repair the damage and restore CONfidence to our economy. THEY made the choice not O. He is only signing off on it. As far as health care .....that was the PTB choice. TRUE reform would have been a one payer system like medicare. There was NO reform only a continued taxpayer bailout of the insurance industry (bankers) ....health care is in shambles without it. You keep assuming that O is leading this. He takes his orders like a good soldier.

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  18. KLI, Joe: You guys will like this one...

    "Goldman creating committee to review its practices"

    http://finance.yahoo.com/news/Goldman-creating-committee-to-apf-3570629384.html?x=0&sec=topStories&pos=7&asset=&ccode=

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  19. correction health care insurance is in shambles.....health care is in shambles due to the rape from big pharma big insurance.

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  20. I have little doubt that O is in their pocket but GS' practice is essentially skimming from everyone and there'll come a point where there's nothing left to skim. I'm just wondering if we are getting to that point and if so, what's the next step?

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  21. Silver just exploded. Short Squeeze??? JPM?

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  22. GS has become a giant hedge fund. Their money is in trading. When the time comes they will short themselves and take it private ...change the name. When JPM blows it will be violent with silver moving 10 dollars a day.

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  23. Tom...possible the message was supposed to be for Obama..."settle with us, back off, and get the F out of our way"...via GS. In other words, we'll take a hand slap from you, you look like to the sheeple one of the good guys here to protect them...case closed. It's midnight and your glass slipper is nearly gone, Obamarella! So here is a taste of the revenge we can bring on you and "da sheeple"...IMO (Obamarella dressed in yellow...)

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  24. TXB.....we own you. hehehe. kneejerk ...that silver move MUST be stomped on fast..that is not to be allowed.....

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  25. Oh noooooooo...Be very careful...or I'll call GS and unleash them on ya...He He...Hmmmmm, I think I'll go polish some silver in my dining room...I'll feel better...LOL!

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  26. Gold is rocketing:

    http://www.marketwatch.com/investing/future/future-us-gold

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  27. Just continue to hold onto your physical gold, silver, platinum, long dated Alpo and toilet paper.

    As for GS and the general market, they will recover for a few more rounds of reflation, the lamp post ornament treatment will come later sometime in 2011-15 as the true zero bid markets arrive due to forces of Nature beyond the control of the true masters.

    As for yesterday at least a cool $650 billion of paper wealth was transferred in less than half an hour.

    "Joseph Takagi: You want money? What kind of terrorists are you?
    Hans Gruber: Who said we were terrorists? " - Die Hard


    Have a good weekend all! Back TGIF napping. ZZZZzzz

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  28. Got some pal...just fwiw, times square just shut down again due to suspicious package. Oh, my.

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  29. The Times Square shutdown may be behind the spike in Gold and Silver.

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  30. I'm starting to wonder if terrorist networks are even targeting the U.S. at this point. Every plot since 9/11 seems to be by incompetent loners who foil themselves. New York seems worried but it hardly seems warranted.

    Anyway the dollar is giving up some of it's new territory, probably why gold popped that last 10 points.

    I dunno if the event yesterday was intentional. Let's say the HFT robots are bouncing 100 shares back and forth 10,000 times to create the illusion of 1mil in volume, what happens if a real human wants to sell 1 million shares? The robots and their 100 shares get out of the way and there's nothing but air underneath.

    We think there's so much money (liquidity) flowing around but we may just be seeing the same $100 bill flying past over and over. If so there's a natural explanation for yesterday.

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  31. Morla re: incompetents. Couldn't agree more, it's almost odd. But this guy had a Masters degree? Did you see what the bomb was? The guy at the Fireworks store was snickering...

    I kept trying to think of why there would be such a lame attempt? Same with the u-haul van on the RFK, with the guy jumping out and running. Any chance they are testing response times maybe?

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  32. Morla, Homer: JMO but I think we are being probed, it is odd indeed that these attempts seem so amateurish but I think they are learning & our Media just loves to broadcast their mistakes! Their PTB so to speak are watching. It's just a matter of time that dumb luck won't be on our side....

    Tom

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  33. Anyhow I say we'll trend down until we hit that 1070ish low from Thursday. If we have an air pocket and now everyone knows the bids aren't strong enough to keep it inflated, smart money won't touch this until the matter is resolved.. Back down at 1070.

    And yeah now that I paid 19.25 for SSRI they're trying to shake me back out of the tree.. It's no fun but this is a familiar process to me.

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  34. I'm still here at work. I just overheard our panicked receptionist call Fidelity about her 401K getting wiped out.

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  35. FWIW at a charity golf today and lot of retail talking about the market...yesterday was a big set back for the CONfidence game....people are sick of it

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  36. That's is all I'm reading about. They socked it to the retail market who were actually getting hopeful. My assumption is they don't need the retail market, O does, every talking head on the hill does, but they don't. But how long can you make money out of thin air?

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  37. HOmer, They have not needed retail stock traders also known as the nickel slot players for a quite a while, except as sheep to be fleeced.

    You can make money out of thin air as long as someone is willing to buy overpriced sovereign debt. A no bid market in equities for short period of time just transfere wealth from retail to insiders, a no bid market in the sovereign bond market brings the fiat fractional banking system to its knees along with the modern global economy.

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  38. PIIGS is ALL about bailing out the bond holders.....end of story

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  39. I get it guys but I think people are actually getting fed up now. The retail market are the nickel slots, but they still can get real ugly real quick if they think their way of living is being jeopardized. Most were out over the last 18 months, some even bailed near the lows. The ones that didn't are going "whew", I knew it would come back, it was the mantra of all the folks with the 201K jokes and it came true. "It will come back, right?" I just hear more and more folks starting to grumble, starting to wake up. But maybe the TV and the internet is enough to mollify them.

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  40. I think people are also waking up due to blogs like this and even the Yahoo message boards. Information is power. Homer, Immred, KLI, Joe... all you guys know the game and are teaching younger people like me how it works.

    The day my internet connection goes down is the day I know they are worried.

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  41. "PIIGS is ALL about bailing out the bond holders.....end of story "

    Did you notice AIG quietly went up 5% yesterday. Even when the DOW was kissing 10,300 AIG barely budged. AIG is obviously insuring a bunch of those PIIGS bonds.

    I'm going to be day trading them a lot in the next 6 months.

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